Barack Obama's DNC Speech: What He Left Out
The speech was curiously lacking in specifics about Obama's record to date, sticking instead to a vague framework for a potential second term. Here are a few of the things the president left out.
Democrats Embrace Gay Equality Like Never Before At DNC 2012
The convention featured gay and lesbian speakers in prime time slots only months after President Barack Obama officially endorsed same-sex marriage.
DNC 2012: Elizabeth Warren Says Obama 'Get's It', Calls Him Fighter For Middle Class [EXCERPT]
Massachusetts Senate candidate Elizabeth Warren casts Obama as a defender of middle class values in her DNC address.
With Ryan Pick, Romney Raises The Stakes
By nominating Ryan, Romney goes from an overly cautious focus on the economy to a broader statement about the size and role of government.
Consumer Financial Protection Bureau Launches Rules To Protect Mortgage Holders
The Consumer Financial Protection Agency unveiled new regulations on Friday that would help shield consumers against foreclosures or sudden hikes in mortgage interest rates.
Barclays Libor Scandal Claims Third Victim As Bank May Demand Ex-CEO Pay Back £20 Million Bonus
The resignation came as Barclays was preparing to demand American-born Diamond, 60, hand back almost £20 million ($31 million) in bonuses
'Vicious Cycles' Continue To Go 'Round And 'Round: BIS
Five years into the most significant global financial crisis since the 1930s, the world's leaders have formulated neither the fiscal policies nor the monetary policies required to deal with it, according to the Bank for International Settlements' 82nd Annual Report, which was released Sunday.
Romney Trouncing Obama In Wall Street Money, But President May Come Back
The vast majority of donations from members of the financial industry have so far flowed to Mitt Romney, according to an analysis by POLITICO.
Barney Frank Pushes Bill To Ensure Financial Executives Lose Pay For Irresponsible Practices
The new bill would prevent financial executives from obtaining insurance policies that protect their paychecks.
FBI Launches Investigation Of JPMorgan Trading Losses
The FBI has opened a probe into trading losses at JPMorgan Chase & Co, stepping up the pressure on the bank after the U.S. Securities and Exchange Commission and the Federal Reserve said they were also looking into the wrong-way bets that led to the losses.
Romney Campaign Defends JP Morgan, Contradicting Obama
JPMorgan's massive $2 billion trading loss has spilled over into presidential politics, with presumptive Republican nominee Mitt Romney calling the disastrous trade as an example of the inherent risks of the free market.
JPMorgan Loss 'The Reason We Passed Wall Street Reform': Obama
During a Tuesday morning appearance on the talk show The View, President Obama attributed JPMorgan's $2 billion trading loss to a lack of financial regulation.
After $2B JPMorgan Loss, Senate Candidate Elizabeth Warren Calls For 'New Glass-Steagall Act' [FULL TEXT]
The Glass-Steagall Act of 1933 was a Depression-era law that separated investment and commercial banks. It was repealed in 1999 during the Clinton administration.
JPMorgan Chase Rolls Out Prepaid Card To Recoup Lost Fees
JPMorgan Chase & Co. (NYSE:JPM), the largest and most profitable U.S. bank, will launch a reloadable prepaid card in its 5,541 branches this summer, aiming to attract new customers and recoup fees it has lost under recent regulatory changes.
China's Premier Wen Jiabao Says Bank Monopoly must be Broken: State Media
China's state banks make money far too easily and their monopoly on financial services has to be broken if cash-starved private enterprises are to get timely access to capital, state media cited Premier Wen Jiabao as saying on Tuesday.
China's Wen says bank monopoly must be broken: state media
China's state banks make money too easily and their monopoly on financial services has to be broken if cash-starved private enterprises are to get access to capital when they need it, state media cited Premier Wen Jiabao as saying on Tuesday.
More Trade, Still No Political Clout: An Expert's Take on the BRICS Summit
The BRICS nations met for a summit in New Delhi, where, among other subjects, they discussed the possible formation of a joint development bank, closer integration of their respective stock exchanges, energy security and ongoing tensions in the Middle East. But they still wield no power as a bloc, says an expert who has studied the BRICS phenomenon
Latino Voters Overwhelmingly Choose Obama: Poll
President Barack Obama would vastly outperform his Republican opponent among Latino voters -- a rapidly-growing voting bloc that could prove decisive in several swing states in 2012, according to a new Fox News Latino poll.
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China's Economy Needs Major Overhaul: World Bank
China's economic model, driven by exports and investment, is no longer sustainable and reforms are needed to prevent a serious slowdown, the World Bank concludes in a new report.
Arizona Republican Debate 2012: How Will Immigration Factor In?
Of all the issues likely to surface at Wednesday night's Republican debate in Arizona, immigration is a fairly safe bet. That's because Arizona has come to embody the GOP's approach to immigration, in 2010 passing a controversial immigration law that became the model for similar bills passed by Republican-controlled legislatures in Georgia, Alabama, South Carolina and Utah.
Bond Market Update: Rally in Corporates Disguises Churning, Convoluted Dynamic
A current rally in the sprawling $7.74 trillion field for corporate bonds, which are issued as debt by major American corporations, belies a great churning occurring just beneath the market's surface. Recently, Richard Prager, who heads the bond strategy desk at the world's largest asset management firm, put it succinctly: "Houston, we got a problem."
Occupy Wall Street Group Offers Detailed Critique of Volcker Rule
The Occupy movement has moved beyond pickets and protests with a group called Occupy the SEC, which has submitted a 325-page letter on the proposed Volcker Rule.
Stocks Rebound on Greek Austerity Vote: Daily Markets Wrap
U.S. stocks bounced back Monday from Friday's biggest loss of the year as Greece's parliament passed the deeply unpopular austerity bill to secure international rescue funds. The strict financial reform includes a 22 percent cut to minimum wage and 150,000 public-sector job cuts. Rioters protesting the measures set fire to buildings in downtown Athens.
Goldman Looks on the Bright Side of Volcker Rule
Wall Street has been lashing out against the Volcker rule since it was proposed, but a senior Goldman Sachs executive said on Wednesday the trading restriction might actually help the investment bank's profitability.
Financial Regulation Has Momentum in 2012: Geithner
U.S. Treasury Secretary Timothy Geithner sounded a relatively cautious note on the state of capital markets regulation reform Thursday, detailing the work various branches of the federal executive have done, what the results had been so far, and what expectations he held for 2012.
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